Free Trial

Rate continues to grind higher,..........>

DOLLAR-YEN
DOLLAR-YEN: Rate continues to grind higher, semi-inspired by the further
recovery in US equities as e-mini S&P continues to push to fresh highs (although
a further 2.1% rally will be needed to erase yesterday's losses). Resistance may
be found on an approach into yesterday's highs at Y112.74 ahead of the 21-dma at
Y112.89. A further improvement will bring the 200-wma into range at Y113.10.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.